Does anyone know about applying for private student loans?

Answers:0   |   LastUpdateAt:2012-08-26 22:49:17  

Question
Jr
Asked at 2012-08-26 22:49:17
Hi all, MedlinePlus MedlinePlus I'm a little stressed. I waited until it was basically too late to apply for student loans from private sources to pay my tuition bill for the year. I have to turn to private lenders, because I'm only eligible for a certain amount of government, I have no money to pay for my studies and my parents certainly did not have the money MedlinePlus. MedlinePlus So I applied for a loan with a very well known bank. I used my mother as an endorsement, although I'm not sure if that will help me in the long run. The application has requested the entry of my mother (which is relatively small) and the mortgage payment (which is a bit large compared to your income). My father has been unemployed for two years and a half, and the only way my parents have been providing mortgage is basically going through their retirement money, which is rapidly running out. MedlinePlus MedlinePlus So anyway I'm supposed to have a loan approved pending for Tuesday at 5 pm, or else I will fall in my classes. I just received a notice from the lender that states: MedlinePlus MedlinePlus "Please allow us three working days to review the documents that have been filed. After these documents have been reviewed we will contact you with another status update."
MedlinePlus I seriously hope that you will have less than three days. Does anyone have any experience and I can guarantee it? MedlinePlus MedlinePlus My other question is should be applying frantically with another lender in case you do not remember it? I have good credit, and I think my mom does too, but she has a big mortgage and a small income for now. . . . MedlinePlus MedlinePlus Finally, under my own application says there are two outstanding documents, the self-certification form and proof of income verification. Proof that income? Now I'm a student and have no. Do they need these forms before they can approve the loan? MedlinePlus MedlinePlus I know I should be calling the lender. I tried it and are not open on Sundays. I'm so mad it's hard for me to concentrate on anything else. If anyone has any words of wisdom, advice, I appreciate it. I know, I should have worried about this before, but I was overwhelmed with so many other things going on. Thank you.
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